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# Supply Equation Log For Free

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### What is the formula of supply function?

In its most basic form, a linear supply function looks as follows: y = mx + b. In this case, x and y represent the independent and dependent variables. Meanwhile, m shows the slope of the function, and b represents its y-intersect (i.e., the point where the function intersects the y-axis).

### How do you find the supply and demand function?

3:23 5:27 Suggested clip Finding Equilibrium using Linear Demand and Supply Equations YouTubeStart of suggested clipEnd of suggested clip Finding Equilibrium using Linear Demand and Supply Equations

### What is the formula for calculating supply and demand?

3:23 5:27 Suggested clip Finding Equilibrium using Linear Demand and Supply Equations YouTubeStart of suggested clipEnd of suggested clip Finding Equilibrium using Linear Demand and Supply Equations

### What is the formula for calculating demand?

In its standard form a linear demand equation is Q = a - bP. That is, quantity demanded is a function of price. The inverse demand equation, or price equation, treats price as a function g of quantity demanded: P = f(Q). To compute the inverse demand equation, simply solve for P from the demand equation.

### How do you calculate the supply and demand equation?

We can use the standard linear equation formula y=m*x+b where m is slope and b is intercept. Since the equilibrium quantity (Q) and Price (P) in an ideal micro-econ market is determined by the point of intersection of the supply and demand curves we simply have to substitute one equation into the other.

### What is the equation for the supply curve?

Since slope is defined as the change in the variable on the y-axis divided by the change in the variable on the x-axis, the slope of the supply curve equals the change in price divided by the change in quantity. Between the two points labeled above, the slope is (6-4)/(6-3), or 2/3.

### What is supply equation?

The Supply Curve Equation The convention is for the supply curve to be written as quantity supplied as a function of price. The inverse supply curve, on the other hand, is the price as a function of quantity supplied. The point on the price axis is where the quantity demanded equals zero, or where 0=-3+(3/2)P.

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